Industry Updates

'SAMENA Daily' - News

Egypt’s Sprints raises US$3 million bridge round to scale AI-powered ed-tech platform

Egyptian startup Sprints, an AI-powered ed-tech venture that claims to be “redefining education for the future”, has raised a US$3 million bridge round of funding to help it scale.

Co-founded by Ayman Bazaraa and Bassam Sharkawy in 2020, Sprints is the first end-to-end platform to bridge the tech talent gap, spanning talent assessment, customised learning journeys, and top-paying job guarantee.

The startup delivers world-class, agile-based learning journeys that empower organisations to build top-notch tech teams in all tracks, including AI, data science, mobile, web, IoT, cloud computing and cybersecurity.

Since launch, Sprints has delivered more than 2.5 million learning hours and secured graduate employment through over 300 tech employers across the globe. On a mission to educate one billion learners in 10 years, it has now raised a US$3 million bridge round of funding led by Disruptech Ventures, with investments from EdVentures and CFYE, among others.

“Our team is the beating heart of this success. We’re a proud force of passionate trailblazers, consisting of over 100 employees and 300 trainers from 12 countries, united by a single mission, to revolutionise education through AI. This investment is a resounding validation of the team’s tireless efforts and unwavering dedication. Today, I stand proud of what we’ve collectively accomplished, and brimming with anticipation for the future we will pave together,” said Ayman Bazaraa, CEO of Sprints.

Yehia Abouelwafa, co-founder and chief investment officer at DisrupTech Ventures, said he was proud of Sprints for decoding the growth dilemma with its all-in-one tech talent platform.

“We are firm believers in Sprints’ mission, and will continue leveraging our 70 years of combined know-how to unleash the potential of regional talent to develop the necessary caliber for digital economies,” he said.